GRIDCo to Earn Revenue from Energy Export
The CEO of the Ghana Grid Company (GRIDCo), Ing. Ebenezer Kofi Esseanyi has said without the grid there would be no electricity in Ghana. He stated that his outfit is constantly working to ensure that Ghana has uninterrupted power supply.
Ing. Ebenezer Kofi Esseanyi made these remarks on Monday, February 13, 2023, when his company took its turn at State of the Agencies Report, a media engagement platform organized by the State Interests and Governance Authority (SIGA) in collaboration with the Ministry of Information.
Speaking on the topic “Update on the State of the Ghana Grid,” the GRIDCo CEO stated that for the first time, GRIDCO was set to earn revenue from energy export to neighboring countries.
“For the first time since 1983, the line between Prestea and Cote d’Ivoire was used for friendly commercial business. Money wasn’t exchanging hands but this time our brothers from CI Energies has come for us to sign an agreement that will enable us to earn significant revenue,” he said.
According to Ing. Esseanyi the funds would benefit Ghana’s power sector by providing more resources to GRIDCo to invest in improving transmission infrastructure and ensuring a reliable and stable supply of electricity.
He also mentioned collaborations with private clients such as B5 Plus, Newmont Ghana and Cardinal Namdini to set up plants and sub stations.
He stated that activities such as illegal mining activities and encroachment on their plant sites hinder the delivery of their mandate of providing a reliable grid for Ghana’s development. These activities he said contribute to the power challenges we experience in the country.
He concluded by revealing that most of the transmission lines have outlived their usefulness and indicated his organization was in the process of obtaining the required funds to begin construction of new transmission lines.